Spinnaker II Plan, The Vistas at Bennett's Creek QuarterSuffolkVA23434
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Suffolk at Spinnaker II Plan, The Vistas at Bennett's Creek Quarter, Suffolk, VA, 23434 priced at $514,770 pairs $2,154/mo rent with after a $2,520/mo payment. Total monthly income equals $2,154/mo. Return on cash invested is 12.67% in year one, and rental yield stands at 5.02% on a $514,770 basis. Equity gained on principal adds $3,322/yr, and 5% annual appreciation accumulates to $142,221 by year five. Five-year ROI measures 64% and total cumulative return in cash reaches $108,397. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $2,520/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Housing Distribution
Address Breakdown
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
